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Stephen L. Nelson

Author. Accountant. Aspiring Apiarist.

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Business and Investing Terms – W

ward
A minor whose financial affairs are managed by a guardian appointed by a court. Incompetent people also can be wards of a court.
warrant
A certificate allowing the bearer to purchase stock at a fixed price at some future date.
warranty deed
A deed by which the seller of a property guarantees that the property is free of liens and encumbrances.
wash sale
A stock-manipulation scheme in which traders buy and sell shares repeatedly in a short period of time to give the impression that the stock is a hot item, when really it is not.
will
A legal document stating how a person wants his or her property disposed of after death.
withholding
Taking deductions from income to cover taxes or liabilities.
write-off
Removing an item from an account ledger, because the item has been fully depreciated or deemed worthless.

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